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Czech Regulator Asserts Prop Trading Firms “May Be Subject to MiFID”
"The business models used by firms engaged in prop trading (technically funded trader services) can take various forms, some of which may be subject to the MiFID regulatory framework,” the Czech National Bank told Finance Magnates exclusively. In this context, It's worth mentioning that one of the top prop trading companies, FTMO, is domiciled in the Czech Republic. “In those scenarios", added the regulator, "we believe that the relevant MiFID services could be: reception and transmission of orders in relation to one or more financial instruments; execution of orders on behalf of clients; or dealing on own ... (full story)